Lex Anteinternet: Sears sells Craftsman

Thursday, January 5, 2017

Sears sells Craftsman

Sears, Roebuck & Co., the ailing retail one time giant founded in 1886 has sold its Craftsman brand to Stanley, Black & Decker for $900,000,000.

That's a lot of cash, but the sale of the Craftsman brand, which Sears has carried since 1927, can't be a good sign.

Sears has been owned by Kmart since 2005. It hasn't been itself for a long time, in my view. Here locally its downtown store was once one of the downtown anchors, along with J. C. Pennys, but both moved up to the mall when it was built. It's been declining as a draw for a long time. Craftsman tools were at one time legendary for their quality although I've never owned any myself. They may still be very good, in so far as I know.

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Lex Anteinternet?

This blog has been around since 2009. In the very first post, we asked the question: "What the heck is this blog about?"

Our answer to the question was: "The intent of this blog is to try to explore and learn a few things about the practice of law prior to the current era. That is, prior to the internet, prior to easy roads, and the like. How did it work, how regional was it, how did lawyers perceive their roles, and how were they perceived?"

We also noted: "Part of the reason for this, quite frankly, has something to do with minor research for a very slow moving book."

All of this is still true, but the focus of the blog has changed somewhat. It now focuses on the era from 1890 to 1920 in general, rather than on the law and lawyers specifically, although that may be far from obvious. It's also become the location where we comment on anything we feel moved to comment on.

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